Monthly Rental Market Report – June 2023

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Although not as dramatic as the previous month, rental rates in Metro Vancouver were still on the rise this June. The average monthly rent for an unfurnished, one-bedroom unit increased for the third consecutive month, adding another $12 to reach a regional average cost of $2,330. Since June 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $274.